Home / Knowledge / News / Apparel/Garments / Online platform Jaypore raises $5 mn
Online platform Jaypore raises $5 mn
22
Feb '16
Jaypore, an online platform for contemporary Indian apparel, jewelry, home accents, has raised $5 million in its first round of institutional funding, the company said in a press release. Aavishkaar, an innovator in early-stage investing made the investment recently.

Puneet Chawla, CEO of Jaypore said that the funds will be used primarily for investment in scaling up the technology platform, hiring talent and brand building. “We will continue to focus on expanding the product offering including our own private label,” he said.

The handmade apparel, jewelry and home decor market in India is highly unorganized and could roughly be pegged at $7 billion or more.

Delhi-based Jaypore aims to be the leader in that segment with quality products and processes that enable consumers to have access to traditional Indian crafts with a contemporary rendering.

“Given the strong founding team, efficient execution, along with a clear focus on unit economics and a distinctive and beautifully curated product range which differentiates it from the marketplace model, we believe Jaypore is uniquely positioned to cater to the discerning global consumer, and we are excited to be partnering with them,” Noshir Colah, Partner at Aavishkaar said.

Founded in 2012, Jaypore aims to present Indian, craft-based designs in a contemporary application, one which would appeal to both the domestic and global audience. With a focus on reviving dying crafts and arts of India, Jaypore wants to create a scalable and sustainable business that promotes quality and can effect a positive economic change in India's handloom and handicraft sectors, the release said.  (SH)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search